Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) 93 15. Trade and other receivables (continued) Amount due from subsidiaries are unsecured, subject to interest at range of 4.89% to 6.99% (2019: 4.95% to 5.30%) per annum and repayable on demand. Amount due from associates are unsecured, subject to interest at range of 4.89% to 6.99% (2019: 4.95% to 5.30%) per annum and repayable on demand. The Group entered into a non-recourse Receivables Purchase Framework Agreement with a licensed bank, of which the Group may request the bank to purchase certain trade receivables. An amount of RM92,223,001 (2019: RM106,403,767) have been derecognised from the statement of financial statement as at reporting date, because the Group has transferred substantially all the risk and reward – primary credit risk to the licensed bank. Trade receivables denominated in foreign currencies comprise the following amounts. 30.6.2021 31.12.2019 RM’000 RM’000 United States Dollar (“USD”) 1,108,334 878,283 16. Deposits and prepayments Group Company 30.6.2021 31.12.2019 30.6.2021 31.12.2019 RM’000 RM’000 RM’000 RM’000 Deposits for: - land 4,186 20,243 - - - investments 3,265 772 - - - others 145,960 37,850 1,217 - 153,411 58,865 1,217 - Prepayments 94,702 50,051 3,976 - 248,113 108,916 5,193 - 17. Cash and cash equivalents Group Company 30.6.2021 31.12.2019 30.6.2021 31.12.2019 RM’000 RM’000 RM’000 RM’000 Fixed deposits placed with licensed banks 189,174 222,514 5,616 68,864 Cash and bank balances 308,238 1,084,076 18,284 19,300 497,412 1,306,590 23,900 88,164 Fixed deposits amounting to RM54,746,884 (2019: RM35,906,959) with maturity of more than three months, are pledged for banking facilities granted to the Group respectively (see Note 21).